FinSB: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FinSB
Largest movements
- Intangible fixed assets -€200,719
down €200,719 (-11.8%), from €1.7m to €1.5m
- Receivables within one year +€100,057
up €100,057 (+22.2%), from €449,969 to €550,026
of which Trade receivables: +€97,567
- Tangible fixed assets -€41,584
down €41,584 (-26.4%), from €157,455 to €115,871
of which Furniture and vehicles: -€37,588
- Debts after one year -€276,999
down €276,999 (-23.3%), from €1.2m to €912,286
- Other debts +€95,000
up €95,000 (+52.8%), from €180,000 to €275,000
- Tax, wage and social debts +€26,553
up €26,553 (+30.4%), from €87,250 to €113,803
of which Remuneration and social security: +€15,617
- Gross operating margin +€235,755
up €235,755 (+22.4%), from €1.1m to €1.3m
- Staff costs +€137,621
up €137,621 (+26.6%), from €518,260 to €655,881
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,322,092 | €2,178,771 | -€143,321 | -6.2% |
| Fixed assets | 21/28 | €1,864,794 | €1,622,490 | -€242,304 | -13.0% |
| Intangible fixed assets | 21 | €1,706,939 | €1,506,220 | -€200,719 | -11.8% |
| Tangible fixed assets | 22/27 | €157,455 | €115,871 | -€41,584 | -26.4% |
| Furniture and vehicles | 24 | €153,459 | €115,871 | -€37,588 | -24.5% |
| Leasing and similar rights | 25 | €3,996 | - | -€3,996 | |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €457,298 | €556,281 | +€98,983 | +21.6% |
| Amounts receivable within one year | 40/41 | €449,969 | €550,026 | +€100,057 | +22.2% |
| Trade receivables | 40 | €443,743 | €541,311 | +€97,567 | +22.0% |
| Other amounts receivable | 41 | €6,226 | €8,715 | +€2,490 | +40.0% |
| Deferred charges and accrued income | 490/1 | €7,329 | €6,255 | -€1,075 | -14.7% |
| Total equity and liabilities | 10/49 | €2,322,092 | €2,178,771 | -€143,321 | -6.2% |
| Equity | 10/15 | €275,092 | €290,482 | +€15,390 | +5.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €272,092 | €287,482 | +€15,390 | +5.7% |
| Amounts payable | 17/49 | €2,047,000 | €1,888,289 | -€158,711 | -7.8% |
| Amounts payable after more than one year | 17 | €1,189,285 | €912,286 | -€276,999 | -23.3% |
| Financial debts | 170/4 | €1,189,285 | €912,286 | -€276,999 | -23.3% |
| Amounts payable within one year | 42/48 | €857,613 | €976,003 | +€118,390 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €292,642 | €276,699 | -€15,943 | -5.4% |
| Financial debts | 43 | €294,312 | €286,575 | -€7,736 | -2.6% |
| Credit institutions | 430/8 | €294,312 | €286,575 | -€7,736 | -2.6% |
| Trade debts | 44 | €3,410 | €23,926 | +€20,516 | +602% |
| Suppliers | 440/4 | €3,410 | €23,926 | +€20,516 | +602% |
| Taxes, remuneration and social security | 45 | €87,250 | €113,803 | +€26,553 | +30.4% |
| Taxes | 450/3 | €11,515 | €22,451 | +€10,936 | +95.0% |
| Remuneration and social security | 454/9 | €75,735 | €91,353 | +€15,617 | +20.6% |
| Other amounts payable | 47/48 | €180,000 | €275,000 | +€95,000 | +52.8% |
| Accrued charges and deferred income | 492/3 | €102 | - | -€102 | |
| Remuneration, social security and pensions | 62 | €518,260 | €655,881 | +€137,621 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,747 | €243,458 | +€6,711 | +2.8% |
| Other operating charges | 640/8 | €11,127 | €13,720 | +€2,593 | +23.3% |
| Gross operating margin | 9900 | €1,053,142 | €1,288,897 | +€235,755 | +22.4% |
| Operating profit (loss) | 9901 | €287,008 | €375,838 | +€88,829 | +31.0% |
| Financial income | 75/76B | €244 | €2 | -€242 | -99.0% |
| Recurring financial income | 75 | €244 | €2 | -€242 | -99.0% |
| Financial charges | 65/66B | €64,336 | €68,805 | +€4,469 | +6.9% |
| Recurring financial charges | 65 | €64,336 | €68,805 | +€4,469 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €222,916 | €307,035 | +€84,119 | +37.7% |
| Income taxes | 67/77 | €18,774 | €16,645 | -€2,129 | -11.3% |
| Profit (loss) for the period | 9904 | €204,141 | €290,390 | +€86,248 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €204,141 | €290,390 | +€86,248 | +42.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.